After gaining Thursday despite the QE3 announcement, Treasurys are slumping today as more monetary stimulus raises longer-term inflation concerns. The 30-year bond is now yielding more than 3%, hitting a 4-month high of 3.05%. On tap today is lots of US data, starting with retail sales and CPI at 8:30am EDT. The bond market needs bad consumer-spending data to regain some ground. The 10-year note is down 20/32, yielding 1.826%.
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